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Data from China’s
custom show that China’s trade surplus in November was RMB 14.52 Tn, down 34.0%
YOY.
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November’s data
show the fourth month in a row with falling export growth. Export was USD 174.
46 Bn, up 13.80% YOY but down from the 15.90% YOY growth in October.
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Import in
November was USD 159.94 Bn, up 22.1% from a year earlier, but down 6.6
percentage points from the 28.70% YOY growth in October.
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Famous economist
Li Yang is not concerned about the decrease in external demand; he predicts
that annual GDP growth may still exceed 9% even if the contribution of foreign
trade to economic growth is zero or even negative.
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Related Data: Import and Export, Trade
Balance
Other News Headlines
- Nov. Data: Trade Surplus Narrows as Export Growth Decrease for the Fourth Consecutive Month
- Fiscal Surplus for November Almost RMB 500 Billion
- Sales Value and Volume of Commercially Developed Houses Decline in Nov., Climate Index Falls Below 100
- The Market Share of Imported Vehicles Decreases
- Iron Ore Import 64.2 Million Tons in November, Up 12% YoY
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